http://www.legislation.gov.uk/ukpga/2007/3/section/230
Income Tax Act 2007
An Act to restate, with minor changes, certain enactments relating to income tax; and for connected purposes.
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Statute Law Database
2024-06-05
Expert Participation
2024-05-27
Income Tax Act 2007
s. 788(7)
Legal Services Act 2007
Sch. 21
para. 161(b)
s. 29
192
193
s. 211(2)
art. 2(h)
Part 5Enterprise investment scheme
Chapter 6Withdrawal or reduction of EIS relief
Repayments etc of share capital to other persons
230Repayment of authorised minimum within 12 months
1
This section applies if—
F2a
a company issues share capital (“the original shares”) of nominal value equal to the authorised minimum (within the meaning of the Companies Act 2006) for the purposes of complying with section 761 of that Act (public company: requirement as to minimum share capital),
b
the registrar of companies issues the company with a certificate under that section.
2
Section 224(2) does not apply in relation to any redemption of the original shares within 12 months of the date on which they were issued.
F13
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